User 257960

Nine Ways to Profit in 2009

Gold will only go high. Gold Miners Stock are a leading indicator for gold price. After reaching bottom, Gold Miners has just about dobule. For the last two weeks, Energy Stock refuses to go down while Crude Price further declined. Energy Stocks are now starting an up leg. I will count out oil at $20. We have probably saw the bottom for oil in the near term.


On Jan 02 11:17 AM 1977°C wrote:

> Things I agree:
>
> 1.Crude Oil 10-15 a barrel.
> 2.Sell financials indefinitely.
> 3.Sell China or Asia or any index even DAX or DJIA will do.
> 4.Sell REIT.
>
>
> I don't agree:
>
> 1.Gold will crash more than Oil, probably we are heading for 200-300
> $ an ounce soon.
>
> If Oil will be 20$ I promise Gold won't be 1000 nor 700, it will
> be at highest 500.

Nine Ways to Profit in 2009

I can see that the recommendations if carry out at this time will hurt you badly. Energy just came out of a fall wedge and start a recovery. If you buy Callow's recommendation, you will miss this up leg. Most of the shorts mentioned are forming nice falling wedges but prices are still within the falling wedges. Getting in prematurely can hurt you badly. It is all about timing. TBT (Short Tresearies) is the one to buy right now as the price action just broke out of the falling channel on HUGE VOLUME in two consecutive days.

Oil Breaks Down Again

Oil may be going down, but it wll not go straight down. A check on the Bullish Percent ($BPENER) @ stockcharts.com show the extreme bearlishness and that the energy sector is in the dumsper. This is a situation that you can see another short squeeze unfold very soon. This may conincidence with a short stock market rally now that it is so oversold.